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The Foundr Podcast with Nathan Chan

185: How Defying Silicon Valley Culture Landed 400K Clients, with Melody McCloskey of StyleSeat

The Foundr Podcast with Nathan Chan

Nathan Chan

Marketing, Business, Entrepreneurship

4.8 • 662 Ratings

🗓️ 8 February 2018

⏱️ 33 minutes

🧾️ Download transcript

Summary

Melody McCloskey is the founder of StyleSeat, a San Francisco-based SaaS company that has raised $40 million in funding, powers billions in transactions and is recognized in 82% of American cities. StyleSeat provides tools for beauty professionals, which lets them run their entire business with just one piece of software. If StyleSeat sounds like your typical booming, industry-disrupting tech startup, don't be fooled. McCloskey is dedicated to running her company in very atypical ways, and in today's interview, she shares how bucking Silicon Valley norms can help you achieve tremendous success—on your own terms. For example, her startup is led overwhelmingly by women, a rarity in an industry with persistent gender gaps. The company has also chosen to stop raising money, and without a marketing or sales team, it barely invests in marketing. McCloskey loves what she does and her business decisions are not solely driven by a pursuit of revenue and growth like many of her peers. Her goal is to empower female business owners with amazing products so they can do what they love as well. When they win, she wins. Check out the interview to learn McCloskey's unique approaches to funding, growth, and staffing, along with other priceless lessons. Key Takeaways Why McCloskey, against popular opinion, is not interested in raising any more money The primary engine behind StyleSeat's exponential growth Why the startup walked away from a billion-dollar business model Why McCloskey keeps her team smaller than most comparable startups

Transcript

Click on a timestamp to play from that location

0:00.0

This is episode number 185 with Melody McCloskey of the Founder Podcast.

0:07.9

What you need is thirst.

0:09.7

You need to be a thirsty human.

0:11.8

Who is intent on learning.

0:13.8

It's a really fascinating exploration of human potential.

0:19.5

The Founder Podcast.

0:22.7

Even the greatest entrepreneurs had help.

0:25.6

If you want to learn from the most successful founders on the planet,

0:29.0

you are in the right place.

0:31.2

Branson, Mark Cuban, Tony Robbins, Tim Ferriss,

0:33.5

Arianna Humphington, Steve Case, Gary V, Sophia Amoroso,

0:36.5

Barbara Corcoran, Damon John.

0:38.3

Learn from the greatest minds in business today with interviews hosted by Nathan Chan.

0:42.9

This is not your average entrepreneur podcast.

0:46.5

The Founder Podcast.

0:53.6

Hey guys, thank you so much for tuning in. Before we start today's episode, I just want to let

0:59.7

you know that our goal at founder is to help entrepreneurs succeed however we can by giving

1:05.3

away high quality content in the form of interviews, blog posts, podcasts, YouTube videos, you name it.

1:12.3

We put out so much content to help you.

1:14.6

And another interesting project that we're working on right now is partnering with world-class

1:19.5

founders like Damon John, Alexa Von Tauble, Greta Van Riel, and so many more to teach crucial

1:25.5

skills like negotiation, finance, e-commerce, and so much more.

...

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